Riverview VA Loans

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A Riverview FL VA home mortgage loan is a mortgage issued by private lenders that are backed by the VA department so that the process of obtaining a mortgage loan can become easier for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Eligible for a Riverview FL VA Loan?

There are four kinds of people who can request Riverview VA home mortgage loans. These are:

• Veterans who have served with the U.S. armed forces.
• Military men who are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Riverview VA Mortgages

Not all veteran is eligible for a VA mortgage loan. In order qualify, veterans require:

• Sufficient and consistent credit history.
• A solid means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the VA mortgage in Riverview FL is offered only when the house is for personal use of the borrower. However, the funds can be used to purchase the property, develop it or to make improvements in it, as per the needs of the borrower.

Gathering a Certification of Eligibility for Riverview VA Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time durations of service. On the other hand, the eligibility criteria for the spouses of veterans to get a home mortgage loan is slightly different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but were disabled during service.

If you think you might be eligible for a Riverview Florida VA loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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